Re:Citus Data Donates 1% of Equity to PostgreSQL Organizations
by the_duke on Wednesday October 24, 2018 @04:13PM
(#18295920)
This is not philanthropy, this is a company financially supporting the essential foundation upon which their product is built.
Re:Citus Data Donates 1% of Equity to PostgreSQL Organizations
by Fnoord on Thursday October 25, 2018 @02:18AM
(#18298875)
Methinks you are confusing altruism with philanthropy/charity.
Either way, it is more than that due to PostgreSQL's software license. Because of that, we all (potentially) benefit.
And it is a commitment. A (somewhat) stable source. More so if more companies commit to such a pledge.
Re:Citus Data Donates 1% of Equity to PostgreSQL Organizations
by dymk on Wednesday October 24, 2018 @05:58PM
(#18296807)
What's the difference?
Re:Citus Data Donates 1% of Equity to PostgreSQL Organizations
by singlow on Wednesday October 24, 2018 @06:12PM
(#18296921)
The investor expects a tangible direct benefit from the investment. A philanthropist expects only the benefit of humanity as a whole, and maybe her own good feelings; or if you are cynical, prestige.
"Building a Movement of Corporate Philanthropy
We want to change the world through inspiring early–stage corporate philanthropy. Pledge 1% is an easy way to leverage a portion of your future success to support nonprofits in your community. It’s a small commitment today that can make a huge impact tomorrow. The sooner you start, the easier it is–so join your fellow founders by making a pledge today!" [1]
In the list are companies like Atlassian, Salesforce, and Yelp.
The pledge is either 1% of equity, time, product, or profit.
[1] https://pledge1percent.org